Co-Teachers: Daniel Sharpsteen & Lance Roehlke Instructional Strategy: Reciprocal Learning
TPA Approved Lesson Plan Template
Desired Results
Relevant Minnesota or Nat’l Content Standards:
-Explain how monetary decisions at the national level (such as the Federal Reserve Bank in the U.S.) affect households, businesses, and governments.
-Analyze how the tradeoff between risk and return is played out in the marketplace.
Learning Objective: Key Understanding(s) you intend students to obtain:
-How money is created
-What the roles are of different groups in the creation process.
Assessment Evidence
What do you want your students to know?
-How money is created in a Fractional Reserve System - Do I have to know what a fractional reserve system is to know how money is created in one? Will you teach me this? Have you already taught this? (I may have missed it)
What do you want students to be able to do?
-Demonstrate how money is created on a T-Account Balance Sheet
Group Accountability (Formative) How will you check to see whether your class has met your learning objectives?
-Work with partners to create money for the economy using a T-Account
Individual Accountability (Summative) How will you check to see if individuals have acquired the knowledge/skills you expected them to learn?
Learning Plan
What key vocabulary/language will students need to know to meet the learning objective?
-Adverse Clearing
How will you teach this key vocabulary to enable students to meet the learning objective?
-Demonstrate the effects of an Adverse Clearing
What is the Essential/Guiding Question(s) for this Lesson? (It should correlate to your learning objective.)
-What role does the consumer play in the money creation process? The Bank? The Fed?
-What major aspect is left out of the demonstrated process?
How will you differentiate for all the learners (ELL, Sp. Ed., poverty, gifted, etc.) in your class? Differentiation Options: questions, stems, sentence frames, strategies, etc.
Materials/Resources Required:
Computer/Projector
Whiteboard and Markers
SCHEDULE OF ACTIVITIES
Method/Strategy (What will you do? What do you expect students to do? Include set induction and closing.)
Time Allotment
Introduce plan for the day - Thank you for asking us to define / explain what we did last time so that we can refresh our memories (I needed this. Once I had it I was on the page with you). Did you notice that Ryan M. was not paying attention/doing something other than answering your question(s)? What might you do in future when this happens with students who aren't "with you?"
Is it really true that banks only have to hold 10% of their monetary assets 'in house' and can lend out 90%?
The video was actually quite clear. I got lost in the middle for just a bit and would like you to make it available for me to view it again (if I'm your student, I can google it myself). By the time the video finished, I had a better understanding of how banks operate (truly - better than anything I received in my ECON class in high school. My teacher was 'all over the place' and created not sense of what was going on for us. Good work.
2 min
YouTube Video on the creation of money
The video was actually quite clear. I got lost in the middle for just a bit and would like you to make it available for me to view it again (if I'm your student, I can google it myself). By the time the video finished, I had a better understanding of how banks operate (truly - better than anything I received in my ECON class in high school. My teacher was 'all over the place' and created not sense of what was going on for us. Good work.
5 min
Lecture and notes on creation of money
Talking about $ - Assets & Liabilities (Thank you for writing these out)
- Currently a 7.8% requirement to be "held" right now back from loans made on deposits
This may sound harsh: Pay close attention to how clearly you write on the board: make sure your letters are clear, the line width is consistent, colors are used intentionally and abbreviations or acronyms are well understood and known by all students. (I don't know what RA & ER mean?).
Time: 30 min.
Co-Teachers: Daniel Sharpsteen & Lance Roehlke
Instructional Strategy: Reciprocal Learning
TPA Approved Lesson Plan Template
-Explain how monetary decisions at the national level (such as the Federal Reserve Bank in the U.S.) affect households, businesses, and governments.
-Analyze how the tradeoff between risk and return is played out in the marketplace.
-How money is created
-What the roles are of different groups in the creation process.
-How money is created in a Fractional Reserve System - Do I have to know what a fractional reserve system is to know how money is created in one? Will you teach me this? Have you already taught this? (I may have missed it)
-Demonstrate how money is created on a T-Account Balance Sheet
How will you check to see whether your class has met your learning objectives?
-Work with partners to create money for the economy using a T-Account
How will you check to see if individuals have acquired the knowledge/skills you expected them to learn?
-Adverse Clearing
-Demonstrate the effects of an Adverse Clearing
-What role does the consumer play in the money creation process? The Bank? The Fed?
-What major aspect is left out of the demonstrated process?
Differentiation Options: questions, stems, sentence frames, strategies, etc.
Computer/Projector
Whiteboard and Markers
(What will you do? What do you expect students to do? Include set induction and closing.)
Is it really true that banks only have to hold 10% of their monetary assets 'in house' and can lend out 90%?
The video was actually quite clear. I got lost in the middle for just a bit and would like you to make it available for me to view it again (if I'm your student, I can google it myself). By the time the video finished, I had a better understanding of how banks operate (truly - better than anything I received in my ECON class in high school. My teacher was 'all over the place' and created not sense of what was going on for us. Good work.
The video was actually quite clear. I got lost in the middle for just a bit and would like you to make it available for me to view it again (if I'm your student, I can google it myself). By the time the video finished, I had a better understanding of how banks operate (truly - better than anything I received in my ECON class in high school. My teacher was 'all over the place' and created not sense of what was going on for us. Good work.
Talking about $ - Assets & Liabilities (Thank you for writing these out)
- Currently a 7.8% requirement to be "held" right now back from loans made on deposits
This may sound harsh: Pay close attention to how clearly you write on the board: make sure your letters are clear, the line width is consistent, colors are used intentionally and abbreviations or acronyms are well understood and known by all students. (I don't know what RA & ER mean?).
Do we know what a "T-account" is?